So far, it’s certainly been a ‘year of the Dragon’ for sale and purchase, one symbolized by power, confidence, and fortune. But for the freight market, it’s perhaps been a misnomer so far. Hire rates, for the most part, have been unremarkable, according to Break Wave Advisors.
Lackluster PerformanceAs the summer season comes to an end, the year’s odd nature persists in perplexing pundits. The secondhand market has been noteworthy, especially pinned against the rather lackluster (uninspiring)...
https://mfame.guru/tanker-secondhand-market-thrives-despite-lackluster-freight-rates/